Binance requests rejection of FTX's lawsuit to recover $1.76 billion, stating that it is' legally untenable ' According to Decrypt, Binance has filed a motion with the Delaware bankruptcy court to dismiss the $1.76 billion recovery lawsuit filed by FTX estate management. Binance claims that the lawsuit lacks legal basis and attempts to shift the responsibility for FTX's collapse from its founder SBF to its competitors. Binance emphasizes that the collapse of FTX was due to its massive internal fraud, rather than external tweets or fund transfers. Binance also claims that US courts have no jurisdiction over its overseas entities.